95,712 Ryan Specialty Holdings Inc. $RYAN Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Ryan Specialty Holdings Inc. (NYSE:RYAN) by 7.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,173,698 shares of the company’s stock after selling 95,712 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ryan Specialty were worth $43,427,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vise Technologies Inc. grew its stake in shares of Ryan Specialty by 189.0% in the third quarter. Vise Technologies Inc. now owns 24,941 shares of the company’s stock worth $923,000 after acquiring an additional 16,311 shares in the last quarter. Motley Fool Asset Management LLC purchased a new stake in shares of Ryan Specialty in the 3rd quarter worth about $3,952,000. Compass Ion Advisors LLC purchased a new position in shares of Ryan Specialty during the third quarter valued at approximately $297,000. Signaturefd LLC increased its position in Ryan Specialty by 12.1% during the 3rd quarter. Signaturefd LLC now owns 5,450 shares of the company’s stock worth $202,000 after purchasing an additional 587 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Ryan Specialty during the third quarter worth $312,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

RYAN has been the topic of a number of recent analyst reports. Wolfe Research cut Ryan Specialty from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Atlantic Securities set a $69.00 target price on Ryan Specialty in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods lifted their target price on Ryan Specialty from $48.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Cantor Fitzgerald boosted their price target on Ryan Specialty from $34.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Citigroup increased their price target on Ryan Specialty from $50.00 to $53.50 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.15.

Ryan Specialty Stock Performance

NYSE RYAN opened at $47.45 on Thursday. The stock has a market cap of $12.14 billion, a P/E ratio of 58.59, a PEG ratio of 0.97 and a beta of 0.54. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 4.03. The company’s 50-day simple moving average is $40.56 and its 200 day simple moving average is $39.10. Ryan Specialty Holdings Inc. has a twelve month low of $29.28 and a twelve month high of $58.94.

Ryan Specialty (NYSE:RYAN) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $789.96 million during the quarter, compared to analyst estimates of $792.99 million. Ryan Specialty had a return on equity of 47.77% and a net margin of 8.25%. During the same period in the previous year, the firm earned $0.47 EPS. As a group, research analysts forecast that Ryan Specialty Holdings Inc. will post 2.17 earnings per share for the current fiscal year.

Ryan Specialty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, November 10th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, November 10th. Ryan Specialty’s dividend payout ratio (DPR) is presently 64.20%.

About Ryan Specialty

Ryan Specialty Holdings, Inc is a specialty insurance services company that provides wholesale brokerage, managing general underwriting and delegated authority solutions. The company works with retail insurance brokers, agents, carriers and other market participants to place and manage complex, specialty risks that may require specialized underwriting expertise or customized coverage.

Its business includes specialty insurance and reinsurance brokerage, underwriting management and insurance program administration.